https://www.taxtmi.com/forum/issue?id=109625 Conversion of an unlisted public company into an LLP where shareholders receive LLP capital shares in consideration for company assets is treated as falling within Section 46(2), applying the distribution-on-liquidation mechanism rather than the alternative capital gains provision. en-us Wed, 30 Dec 2015 14:08:57 +0530 Thu, 23 Jan 2025 15:56:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=109625 Conversion of an unlisted public company into an LLP where shareholders receive LLP capital shares in consideration for company assets is treated as falling within Section 46(2), applying the distribution-on-liquidation mechanism rather than the alternative capital gains provision. Discussion-Forum Income Tax Wed, 30 Dec 2015 14:08:57 +0530 https://www.taxtmi.com/forum/issue?id=109625